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CDBG Job Creation & Hiring Requirements <br />The developer must adhere to the following CDB G job creation and hiring requirements. <br />■ No fewer than (25) new, permanent, full-time equivalent (FTE) jobs,. <br />businesses within (12) months following completion of the funded pr' <br />■ At least 51 % or (13) of the j obs created must be suitable far an,,, 'f <br />persons earning less than 80% of the Area Median Incc x el ( N <br />Department of Housing Urban Development (HUD) prlo� ao beln hid <br />■ The Developer must submit semi-annual Job Creation &. miring Re <br />and hiring by Nest tenant businesses as a dire ctres:,::I.I f the funde <br />term. <br />■ Failure to fulfill CDB G job creation and hiri <br />default. <br />must be created by The Nest's tenant <br />jvvV. <br />fled by low -moderate -income (LMI) <br />I) established annually by the U.S. <br />,d. <br />documenting actual job creation <br />;ect for the duration of the loan <br />ents within the perfbrmace period constitutes loan <br />